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...Britain's continuing desperate economic woes. The usually circumspect Bank for International Settlements, a Basel-based central bank for central banks, issued a blunt report that faulted British authorities for their "not very successful" attempt to cope "with a situation deteriorating on several fronts at once." The infectious gloom of the Basel moneymen spread to the London stockmarket, killing any hopes for an upsurge in the wake of the pro-Market landslide. The day after the B.I.S. report was issued, there was a rush of Arab petrodollars out of London and the pound fell to a record...

Author: /time Magazine | Title: BRITAIN: Facing Up to the Morning After | 6/23/1975 | See Source »

...former Golden Gloves boxer -his battered nose a prominent record of his teen-age ring career -Scheider proved to be the steadiest member of the troupe. When tempers frayed and gloom hung heavy over the production, Scheider usually just tuned out and worked on his suntan...

Author: /time Magazine | Title: SUMMER OF THE SHARK | 6/23/1975 | See Source »

...chorus of confidence is swelling across the U.S. After months of gloom and fear instilled by the worst slump since the 1930s, the nation's leading economists and the chiefs of its major corporations are now almost unanimously saying that the recession is ending and that an upturn is on the way. Both the timing and the strength of the recovery are in sharp dispute. A sprinkling of optimists asserts that it has begun already and will gain speed rapidly. A few pessimists expect the economy to bump along close to its recession lows for many painful months before...

Author: /time Magazine | Title: OUTLOOK: The Upturn: How Soon? How Strong? | 5/5/1975 | See Source »

...which is Women in the Garden. He set up this vast canvas (over 8 ft. high) in his garden and even had a trench dug to rest it in so that he could paint the top without having to teeter on a stool. Its tonal contrasts between the green gloom of the trees and the crisp white of the girls' dresses in the bleaching sun are a manifesto of early impressionism...

Author: /time Magazine | Title: Art: Fields of Energy | 3/31/1975 | See Source »

...nation frightened by the deepest recession and highest unemployment since before Pearl Harbor, Simon insists that inflation is the greater long-run peril. To a Congress bent on cutting taxes and raising spending far more than the Administration wants, Simon endlessly preaches the dangers of overstimulation. His gloom seems excessive, but he is making some points worth heeding...

Author: /time Magazine | Title: POLICYMAKERS: Simon: Lonely Voice, Less Influence | 3/31/1975 | See Source »

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